PeerStreet raises $29.5 million after a strong 2017, shares hiring plans
LA's blazing hot Q1 fundraising continued into the second quarter of 2018, thanks in large part to El-Segundo-based real estate startup PeerStreet's $29.5 million Series B. Led by World Innovation Lab, the round will help the company accomplish its aggressive hiring plans for 2018. [Built In LA]
Capital Music Group announces Capital Innovation Center
Capital Music Group, a division of Universal Music Group and a prolific record label in its own right, announced the launch of a new tech-centric innovation center at the company's headquarters in Hollywood. Capital Innovation Center will offer space and event programming to introduce content creators with members of the tech community. [Press Release]
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Software developer myKaarma raises $15 million
myKaarma, a communications and payments software startup that services automotive dealers, announced earlier this week that it closed a $15 million round of funding. The Long Beach-based startup intends to use the investment to accelerate product development and grow its team. [Press Release]
Decentralized renewable energy startup ImpactPPA adds $3 million
Millennium BlockChain, a Las Vegas-based holding company that focuses on blockchain and cryptocurrency assets, announced it had signed a letter of intent with ImpactPPA — a cleantech startup with a platform that allows communities to rapidly fund and deploy clean energy solutions. According to the company, Millenium BlockChain will purchase rights for future ImpactPPA tokens and warrants in the aggregate amount of $3 million. [ImpactPPA]
Fair announces strategic partnership with Ally Financial
Auto financing startup Fair continued its torrid few months since launching out of stealth mode by announcing a strategic partnership with financial services company Ally. As a part of the agreement, Fair will use Ally's SmartAuction platform as a remarketing tool once the company receives vehicles returned by customers. The company, which is hiring aggressively, was named as one of Built In LA's 50 Startups to Watch in 2018
in January. [Ally]
SPIDR Tech, Flyr collectively raise $3.5 million
Manhattan Beach-based law enforcement tech company SPIDR Tech added $2.5 million to its war chest earlier this week when the company closed its latest venture round of funding. A Techstars alum, the round included investments from Sidewalk Labs — a subsidiary of Google holding company Alphabet — Birchmere Ventures, Stage Ventures, Kairos, Heartland Ventures and No Name Ventures. [TechCrunch]
Flyr, a Santa Monica-based company that develops video advertising templates specifically for the iPhone and iPad, added a $1 million investment to bring the company's recent round of funding to $6 million. [SoCal Tech]
